Richard Hopper is the Managing Partner of Bourbon Bit Energy. He is based out of both the Houston and Fort Worth offices and leads the firm’s operations and strategy. Richard is a Professional Engineer in the State of Texas. Richard is also a Managing Partner of Lucky Lad Energy.
Richard is a Petroleum Engineer with experience managing mature, producing assets across multiple basins. Most recently, Richard was an Operations Engineer for Hilcorp Energy where he managed 6,750 BOED across 5 fields along the Louisiana Gulf Coast, valued at over $240 million. He developed and supervised capital and wellwork programs within a $40 million budget and created over $200 million in asset value in the first two years. In three years, Richard implemented four waterfloods increasing field production by 1,280 BOED and field value by 22% ($52.8 million) by adding 4.5 million barrels of reserves.
Prior to Hilcorp, Richard was employed by Merit Energy where he managed Merit’s Permian Basin and newly-acquired Oklahoma assets. He created capital and operating budgets and developed wellwork and capital programs to increase and optimize production. In two years, Richard was able to increase field value by 29% and $15 million by driving production up and reducing operating costs.
Richard began my career as an Operations Engineer for BP America. He has experience operating mature assets in the San Juan Basin, Permian Basin, Anadarko Basin, and the Gulf Coast Basin.
Richard earned his BS degree in Petroleum Engineering from the University of Oklahoma and his MBA from Louisiana State University.